The Addis Ababa Revenue Bureau collected 12 billion Birr in the first quarter of the current fiscal year. The Bureau also claimed to be pushing for strengthened efforts to notify Grade A taxpayers of their taxes and collect the taxes until the November 9, 2021 deadline.
The Addis Ababa City Administration Revenues Bureau announced it plans to collect 20 billion birr in taxes during the first four months of the new Ethiopian Fiscal Year that started this week on July 8, 2021.
Despite bagging 22.4 billion birr in tax revenue during the first half of the 2020/21 fiscal year, the Addis Ababa Revenues Bureau expressed its frustration over rampant counterfeit receipts which have affected its revenues collection.
Despite losing two billion Birr in tax revenues in the last three months, the Ministry of Revenues is confident that its inability to collect tax from Tigray will not have an impact on its annual performance.
Ethiopia’s government plans to increase its annual tax revenues by more than ten folds to 3.4 trillion birr by 2030, Planning and Development Commission announced.